News (NASDAQ:NWSA) announced its quarterly earnings results on Wednesday. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.12, RTT News reports. The company had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.53 billion. News had a positive return on equity of 2.41% and a negative net margin of 16.78%. News’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period last year, the business earned $0.07 earnings per share.

NWSA traded up $0.16 during trading on Wednesday, hitting $13.43. The company’s stock had a trading volume of 6,277,900 shares, compared to its average volume of 2,666,248. The company has a current ratio of 1.33, a quick ratio of 1.22 and a debt-to-equity ratio of 0.14. News has a twelve month low of $12.23 and a twelve month high of $17.29. The firm has a market cap of $7.68 billion, a P/E ratio of 30.52, a PEG ratio of 4.84 and a beta of 1.61.

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The firm also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, October 17th. Shareholders of record on Wednesday, September 12th were issued a $0.10 dividend. This represents a yield of 1.47%. The ex-dividend date was Tuesday, September 11th. News’s payout ratio is currently 45.45%.

Several research analysts recently weighed in on the company. ValuEngine upgraded News from a “hold” rating to a “buy” rating in a research report on Tuesday, July 10th. Zacks Investment Research cut News from a “hold” rating to a “sell” rating in a research report on Wednesday, October 10th. Loop Capital upgraded News from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Tuesday, September 4th. Morgan Stanley cut News from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $17.00 to $12.50 in a research report on Monday, August 20th. Finally, Goldman Sachs Group upgraded News from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $15.50.

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